• About
    Us
    • About Drake Insurance
    • Meet Our Staff
    • Our Insurance Carriers
  • Auto, Home &
    Personal Insurance
    • Auto Insurance
    • Boat & Marine Insurance
    • Condominium Insurance
    • Flood Insurance
    • High Net Worth Coverage
    • Homeowners Insurance
    • Motorcycle Insurance
    • Renters Insurance
    • – View All Personal
  • Business
    Insurance
    • Business Interruption Insurance
    • Business Owners Package Insurance
    • Commercial Auto Insurance
    • Commercial Property Insurance
    • Commercial Umbrella Insurance
    • General Liability Insurance
    • Manufacturers Insurance
    • Professional Liability (E&O) Insurance
    • Surety Bonds
    • Workers’ Compensation Insurance
    • – View All Business
  • Life
    Insurance
    • Individual Life Insurance
    • – View All Life
  • Policy
    Service Center
    • Online Billing & Payments
    • File A Claim
    • Certificate of Insurance Request
    • Policy Change Request Form
    • Auto ID Card Request Form
    • Insurance Resources
    • – View All Policy Service
  • Insurance
    Blog
  • Contact
    Us
    • Dauphin Location
    • Refer a Friend
    • Meet Our Staff
    • Secure Contact Form
Drake Insurance

Insuring Dauphin
and All of Pennsylvania
Call (717) 921-2816

Home / Common Questions & Answers About Business Insurance

Common Questions & Answers About Business Insurance

Article originally posted September 4, 2020 on www.insuranceneighbor.com(opens in new tab)

Any business, large or small, needs a business insurance package. These packages are a combination of various types of coverage, designed to protect a business owner’s investment when the unexpected happens. Here, we provide answers to some commonly asked questions about business insurance.

Why Is It So Important To Have Business Insurance?

Owning a business brings opportunities, but it also comes with certain risks. Business insurance is there to provide protection when things go wrong, such as fire, theft, natural disasters, or lawsuits against your company. This coverage can protect your assets and provide peace of mind.

How Much Will Business Insurance Cost?

The cost of a business insurance package will depend on a variety of factors, including:

  • Value of your assets
  • Risks associated with your industry
  • Number of people you employ
  • How much coverage you want (policy limits)

Our experienced agent can help you find the best quotes for the coverage you need to fully protect your business.

What Is A BOP & What Does It Cover?

A business owner’s policy (BOP) combines protection against major liability and property risks in one insurance package. It typically includes coverage for perils, property damage, liability, and business interruption. Depending on your insurance needs, you may opt to include additional coverage. A standard BOP does not include workers’ compensation, commercial auto insurance, health or disability insurance, or professional liability.

What Is The Difference Between Professional Liability & General Liability Insurance?

Professional liability insurance provides protection against liability based on a professional opinion, advice, or guidance. General liability insurance helps protect your business against financial loss from property damage, bodily injury, medical expenses, libel or slander, settlements, judgments, and defending against lawsuits.

Does My Business Need Hired & Non-Owned Auto Insurance?

You may need this coverage to help protect your business from liability in case of an accident. If an employee driving his or her personal vehicle causes a crash while running an errand for your company, your business could be sued for damages. This protection applies to personally-owned and rented vehicles.

What Factors Affect The Cost Of Workers’ Compensation Insurance?

Most employers in the U.S. are required to carry workers’ compensation insurance. The higher-risk the industry, the higher the premiums are likely to be. Factors affecting your company’s cost for workers’ comp insurance include the number of workers you employ, their job classifications, and your claims history.

What Is EPLI?

Employment practices liability insurance (EPLI) protects your business against financial losses related to employee practices. The protection provided by the policy includes liability for discrimination, sexual harassment, unfair hiring or firing, unsafe work environment, and other employee allegations.
Contact our agency today to discuss your options and find the plan that works best for you.

Filed Under: Uncategorized

Dauphin Insurance Quotes

  • This field is for validation purposes and should be left unchanged.

ABOUT US

  • About Us
  • Meet Our Staff
  • Our Insurance Carriers

INSURANCE

  • Auto, Home, & Personal Insurance
  • Business Insurance
  • Life Insurance

POLICY SERVICE

  • Policy Service Center
  • File A Claim
  • Online Billing & Payments
  • Policy Change Request

CONTACT US

  • Drake Insurance
    • 1262 Peters Mountain Road
      Suite A
    • Dauphin, Pennsylvania 17018
  • Phone: (717) 921-2816
  • Fax: (717) 921-8943
1262 Peters Mountain Road Suite A Dauphin PA 17018
Google Maps (opens in new tab)Yelp (opens in new tab)Facebook (opens in new tab)LinkedIn (opens in new tab)RSS (opens in new tab)
Drake Insurance Provides Auto/Car Insurance, Home Insurance, and Business/Commercial Insurance to All of Pennsylvania, Including Dauphin, Duncannon, and Liverpool.
© Copyright 2023, Drake Insurance | Privacy Statement | Accessibility Statement | Login
BrightFireInsurance Agent Marketing(opens in new tab)